Question

Who is Mortgage Redemption Insurance (MRI) suitable for?

a.

Individuals without any financial dependents

b.

Borrowers who have already repaid their mortgage

c.

People whose dependents may need assistance in clearing their debts in case of the policyholder's unexpected demise

d.

Individuals with large estates and wealth

Posted under IC38 Life Insurance Agent Exam

Answer: (c).People whose dependents may need assistance in clearing their debts in case of the policyholder's unexpected demise Explanation:MRI is suitable for people whose dependents may need assistance in clearing their debts in case of the policyholder's unexpected demise.

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Q. Who is Mortgage Redemption Insurance (MRI) suitable for?
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